Estonia: Pasta Products Market 2024

Pasta Products Market Size in Estonia

The Estonian pasta products market totaled $X in 2022, approximately reflecting the previous year. In general, consumption posted prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Pasta Products Production in Estonia

In value terms, pasta products production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 364% against the previous year. Pasta products production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pasta Products Exports

Exports from Estonia

In 2022, shipments abroad of dried, undried and frozen pasta and pasta products increased by 4.1% to X tons, rising for the second consecutive year after six years of decline. Over the period under review, exports showed a noticeable increase. The pace of growth was the most pronounced in 2013 with an increase of 132% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pasta products exports surged to $X in 2022. Overall, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 113%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Finland (X tons) was the main destination for pasta products exports from Estonia, accounting for a 89% share of total exports. Moreover, pasta products exports to Finland exceeded the volume sent to the second major destination, Latvia (X tons), more than tenfold. The third position in this ranking was held by Austria (X tons), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland totaled +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+7.2% per year) and Austria (0.0% per year).

In value terms, Finland ($X) remains the key foreign market for dried, undried and frozen pasta and pasta products exports from Estonia, comprising 71% of total exports. The second position in the ranking was held by Latvia ($X), with a 5.1% share of total exports. It was followed by Austria, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland stood at +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+23.8% per year) and Austria (0.0% per year).

Export Prices by Country

In 2022, the average pasta products export price amounted to $X per ton, increasing by 36% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta Products Imports

Imports into Estonia

In 2022, supplies from abroad of dried, undried and frozen pasta and pasta products increased by 17% to X tons, rising for the sixth consecutive year after four years of decline. Overall, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.3% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pasta products imports declined modestly to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.5% against 2015 indices. The pace of growth was the most pronounced in 2021 when imports increased by 18%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Latvia (X tons), Poland (X tons) and Ukraine (X tons) were the main suppliers of pasta products imports to Estonia, together comprising 46% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +20.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pasta products suppliers to Estonia were Ukraine ($X), Poland ($X) and Latvia ($X), with a combined 49% share of total imports.

Ukraine, with a CAGR of +24.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pasta products import price stood at $X per ton in 2022, waning by -15.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2013 an increase of 15%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then declined dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform